Risk Disclosure

Last updated 12 October 2026

This page explains the limits of the research published by Quantex Research, the research department of AlgoTrade Pte. Ltd. (Singapore). Please read it together with our Disclaimer.

Research is not advice

Our notes and case studies are published for education and information only. They are not investment advice and are not a recommendation to act in any way. Decisions you make after reading our research are your own, and you bear the full responsibility for them.

Limits of models and historical data

• History is not the future. Markets change. A pattern found in past data may not appear again, or may appear in a different form.
• Simulations simplify. A model leaves out part of reality. Costs, delays, data gaps and rare events can make real outcomes differ from a simulation, sometimes by a lot.
• Samples can mislead. Results from a short period or a single market regime can overstate or understate an effect. We test across several years where we can, and we say so when we cannot.
• Data has errors. Market data can contain gaps, errors and revisions. We clean the data we use, but we cannot guarantee it is complete or correct.
• Findings can change. We may revise, correct or withdraw a finding as new data or better methods become available.

Financial markets carry risk

Any activity in financial markets involves risk, including the risk of losing all of the money involved. Our research describes risk; it does not remove it. Nothing on this website should be read as a statement that any approach is safe or profitable.

Technical limits

This website may be unavailable, delayed or contain errors from time to time. We are not responsible for loss arising from interruptions, technical faults or reliance on content that has since changed.

Contact

Questions about this page: info@quantex.com.sg.